by yasiradnan94 | Feb 22, 2020 | Accounting, Advice, Business, FAQs, Financial planning, News, Small Businesses, Tax planning
You have probably heard the phrase ‘Cash is King’. In business, this is true. Despite this, cash flow is an area of business where many struggle to manage effectively causing business-owners to spend many hours chasing – all unbillable time. Here are some tips to help...
by yasiradnan94 | Feb 18, 2020 | Accounting, Advice, Business, Contractors, FAQs, News, Tax planning
HMRC have pretty stringent criteria on what they classify as ‘trivial’. Once a benefit satisfies four conditions it can be considered trivial. Read on to find out more. What is a trivial benefit? Where a benefit is provided to an employee by an employer,...
by yasiradnan94 | Feb 3, 2020 | Accounting, Advice, Business, FAQs, Financial planning, Small Businesses, Tax planning, VAT
It is common for many businesses to wish to avoid the requirement to be VAT registered. As the law currently stands a business making taxable supplies must register for VAT if sales exceed £85,000 over a 12 month period. This would mean a potential increase in price...
by yasiradnan94 | Jan 22, 2020 | Accounting, Advice, Contractors, FAQs, Financial planning, Tax planning
The first instalment of your self-assessment tax bill for the 18/19 tax year is due on 31 January 2020. Each year the self-assessment tax bill due by 31st January includes an amount payable known as a payment on account. This amount is 50% of the tax bill taken in...
by yasiradnan94 | Jan 14, 2020 | Accounting, Advice, Business, FAQs, Financial planning, News, Tax planning, VAT
The number of scams involving bogus HMRC communications is increasing as the self-assessment payment deadline approaches. This blog highlights warning signs to be wary of. If unsure, speak to your accountant. According to HMRC statistics, in 2018/19 it received around...
by yasiradnan94 | Jan 10, 2020 | Accounting, Advice, Bookkeeping, Business, Contractors, FAQs, Financial planning, News, Property, Small Businesses, Tax planning
The tax return deadline is on 31 January, meaning that you have less than a month to finalise your tax affairs for the year ended 5 April 2019. It also means you have just a few days to settle your tax payment. TAX DEADLINE – 31st January 2020 The most pressing...